Rightmove: Strongest ever start to a new year

Early activity indicators suggest a strong 2014 for the housing market according to Rightmove.

The national average asking price has had its strongest ever start to a new year, indicating that seller and estate agent optimism is on the up, as are the number of properties coming to market and activity across Rightmove’s sites.

January’s increase of just 1% (+£2,406) may appear modest at first but is in fact a record for this time of year. It also leaves the average asking price 6.3% (+£14,432) higher than it was a year ago, the highest annual rate of increase since November 2007, which was before the credit crunch started to bite.

Miles Shipside, Rightmove director and housing market analyst comments:

“The early statistics for any new year are keenly anticipated as they indicate the shape of things to come in the year ahead. With a very strong start in both the price of property coming to market and the number of people looking at what’s on the market, it suggests that the new year resolution for many is to make 2014 their year to move.”

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